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RocketBoots Ltd. (AU:ROC)
ASX:ROC
Australian Market

RocketBoots Ltd. (ROC) AI Stock Analysis

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AU:ROC

RocketBoots Ltd.

(Sydney:ROC)

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Neutral 58 (OpenAI - 5.2)
Rating:58Neutral
Price Target:
AU$0.40
▼(-6.98% Downside)
The score is held back primarily by weak financial performance (declining revenue, worsening losses, and ongoing negative cash flow), despite the benefit of having no debt. Technicals are a major offset, showing strong upward momentum with the price above all key moving averages and positive MACD. Valuation remains constrained by loss-making earnings (negative P/E) and no stated dividend yield.
Positive Factors
Zero debt / clean capital structure
A zero-debt balance sheet reduces refinancing and interest-rate risk, lowering fixed financial obligations and preserving strategic flexibility. Over a 2–6 month horizon this durability supports resilience during downturns and gives management more options to fund operations or pursue opportunistic investments.
Equity position repaired in 2025
Moving from negative to positive equity signals tangible balance-sheet repair and improved solvency. This strengthens the company’s capacity to raise capital or negotiate partnerships, reduces bankruptcy risk, and meaningfully improves financial flexibility over the medium term despite ongoing operating losses.
Year-over-year free cash flow improvement (2025)
An improving free cash flow trend, even from negative levels, indicates early progress toward internal funding of operations. If sustained, this reduces reliance on external financing, supports reinvestment in product and sales, and materially enhances run-rate durability over coming quarters.
Negative Factors
Material revenue decline in 2025
A steep revenue decline erodes scale, weakens bargaining power, and undermines fixed-cost absorption. Persisting top-line contraction constrains investment in product and go-to-market, makes recovery harder, and increases funding needs, posing a sustained strategic headwind over the next several quarters.
Negative gross profit and widening losses
Deeply negative gross profit implies broken unit economics rather than temporary operating inefficiency. Widening net losses reduce retention of incremental revenue and impair return on equity, requiring substantive product, pricing, or cost-model changes to restore sustainable profitability over the medium term.
Persistent negative operating and free cash flow
Consistent cash burn forces dependence on external funding or drawdown of reserves, limiting strategic options and increasing dilution or refinancing risk. Persistent negative cash flow constrains investment in growth and heightens solvency vulnerability over a 2–6 month planning horizon.

RocketBoots Ltd. (ROC) vs. iShares MSCI Australia ETF (EWA)

RocketBoots Ltd. Business Overview & Revenue Model

Company DescriptionRocketBoots Limited offers computer vision-based machine learning applications. The company offers BeeHive applications for retail and retail banking sectors comprising Beehive Dance for workforce scheduling; Beehive Sting for fraud and loss prevention; Beehive Swarm for property and space optimization; Beehive Recognition for protecting assets and identifying threats from organized retail crime and repeat offenders through license plate and facial recognition; and Beehive Basics for physical-world activity data gathering, including population counts, foot traffic directions, and queue wait times. RocketBoots Limited was founded in 2004 and is based in Sydney, Australia.
How the Company Makes MoneyRocketBoots Ltd. generates revenue through the sale of its proprietary mobility devices, primarily the RocketBoots. The company employs a direct-to-consumer sales model via its online platform, as well as retail partnerships with specialty sporting goods stores. Additionally, RocketBoots Ltd. offers subscription-based maintenance and upgrade services, ensuring that users have access to the latest technological advancements and support. The company also engages in strategic partnerships with aerospace and defense organizations, providing customized solutions for specialized applications, which further contributes to its revenue streams.

RocketBoots Ltd. Financial Statement Overview

Summary
RocketBoots Ltd. faces significant financial challenges across all key financial statements. Persistent losses, negative margins, and a weak balance sheet highlight operational and financial instability. While the absence of debt reduces interest burden, negative equity and cash flow issues pose substantial risks. The company needs to address these financial challenges to improve its financial health and sustainability.
Income Statement
RocketBoots Ltd. has consistently reported negative net income over the periods, indicating persistent losses. The gross profit margin is negative, reflecting higher cost of goods sold than revenue, and there is a downward trend in total revenue in the most recent TTM period. The EBIT and EBITDA margins are also negative, showing challenges in operating profitability and cash flow generation. Revenue growth has been volatile, with recent declines, which is concerning for future growth prospects.
Balance Sheet
The company has a negative stockholders' equity, indicating financial instability and potential risk of insolvency. While the total debt is zero, the negative equity ratio suggests that liabilities exceed assets significantly. This precarious financial position is further exacerbated by declining total assets over time, leading to a weak balance sheet.
Cash Flow
RocketBoots Ltd. exhibits negative operating and free cash flows, indicating cash burn and a reliance on external financing for operations. The company has not generated positive free cash flow growth and faces challenges in converting operating cash to net income. Although financing cash flows are positive, primarily from new funding, reliance on external financing may not be sustainable.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue680.85K680.85K729.95K532.65K640.55K675.56K
Gross Profit-1.74M-1.74M-1.72M-1.75M447.28K-811.35K
EBITDA-4.63M-4.64M-2.94M-2.92M-2.07M-1.09M
Net Income-4.65M-4.65M-2.95M-2.61M-1.56M-1.10M
Balance Sheet
Total Assets2.57M2.57M651.34K1.76M4.05M5.35M
Cash, Cash Equivalents and Short-Term Investments2.47M2.47M555.79K1.64M3.90M3.29K
Total Debt0.000.000.000.000.000.00
Total Liabilities1.28M1.28M1.37M1.26M1.03M728.00K
Stockholders Equity1.30M1.30M-719.49K504.60K3.01M4.62M
Cash Flow
Free Cash Flow-3.35M-3.35M-2.81M-2.26M-1.13M-1.36M
Operating Cash Flow-3.32M-3.32M-2.79M-2.22M-1.13M-1.36M
Investing Cash Flow-22.54K-22.54K-13.28K-40.47K-2.00K0.00
Financing Cash Flow5.25M5.25M1.72M0.005.02M1.20M

RocketBoots Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.43
Price Trends
50DMA
0.22
Positive
100DMA
0.17
Positive
200DMA
0.13
Positive
Market Momentum
MACD
0.05
Positive
RSI
63.41
Neutral
STOCH
40.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ROC, the sentiment is Positive. The current price of 0.43 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.22, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 63.41 is Neutral, neither overbought nor oversold. The STOCH value of 40.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ROC.

RocketBoots Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
58
Neutral
AU$65.74M-9.48-1615.38%-9.50%11.67%
49
Neutral
AU$95.75M
48
Neutral
AU$30.75M-102.50-3.14%2.98%93.55%
48
Neutral
AU$25.65M-3.97-31.01%-3.43%-40.65%
41
Neutral
AU$10.33M-1.70-133.07%-4.90%-52.78%
37
Underperform
AU$8.87M-26.58%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ROC
RocketBoots Ltd.
0.38
0.31
442.86%
AU:PRO
Prophecy International Holdings Ltd
0.15
-0.38
-71.70%
AU:VIG
Victor Group Holdings Ltd
0.04
-0.02
-29.31%
AU:AMX
Aerometrex Ltd.
0.28
>-0.01
-3.51%
AU:SIS
Simble Solutions Ltd.
AU:NVU
Nanoveu Ltd.
0.10
0.07
209.68%

RocketBoots Ltd. Corporate Events

RocketBoots Blames Administrative Oversight for Late Director Interest Notice
Jan 8, 2026

RocketBoots Limited has responded to an ASX Compliance query regarding the late lodgement of an Appendix 3Y notice for director David Willington, explaining that the delay stemmed from an administrative oversight during a restructuring of his private entity’s holdings that was not initially disclosed to the company. The director’s interest change, which occurred in September 2025 but was only identified during a December 2025 quarterly review, has prompted his private entity to adopt new policies to ensure timely disclosure, while RocketBoots has reiterated that it views the matter as an isolated incident, has reminded all directors of their obligations under ASX Listing Rules, and maintains that its existing internal compliance arrangements remain adequate.

The most recent analyst rating on (AU:ROC) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on RocketBoots Ltd. stock, see the AU:ROC Stock Forecast page.

RocketBoots Director Restructures Indirect Equity Interests via Unlisted Options
Jan 5, 2026

RocketBoots Ltd has disclosed a change in director David Willington’s indirect interests, following an internal restructuring of holdings associated with Bombora Investment Management. Through Almonta Nominees Pty Ltd as trustee for Almonta Capital Trust, of which he is a beneficiary, Willington has been allotted a total of 1,000,002 unlisted options across three series, with exercise prices ranging from A$0.12 to A$0.18 and expiring on 18 December 2029, for a nominal non-cash consideration of A$3.00. The move reflects a reorganisation rather than a market transaction, signalling an adjustment in the structure of the director’s exposure to RocketBoots’ equity without any disposal of securities.

The most recent analyst rating on (AU:ROC) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on RocketBoots Ltd. stock, see the AU:ROC Stock Forecast page.

RocketBoots Issues 4 Million Shares Under Placement to Back International Expansion
Dec 30, 2025

RocketBoots Limited has issued 4,000,000 fully paid ordinary shares via a placement to an existing shareholder, as part of a previously flagged $7 million capital raising to support the company’s international expansion plans. The company has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act 2001, confirming the shares were issued without a prospectus, that it remains compliant with its continuous disclosure and financial reporting obligations, and that there is no excluded information, thereby ensuring the new securities can be freely traded and providing regulatory clarity and comfort to investors participating in or affected by the placement.

RocketBoots Seeks ASX Quotation for 4 Million New Ordinary Shares
Dec 30, 2025

RocketBoots Ltd has applied to the ASX for quotation of 4 million new ordinary fully paid shares under the code ROC, with an issue date of 30 December 2025. The move expands the company’s quoted securities on market and may support additional capital access and liquidity for shareholders, although the announcement provides no further details on the underlying transaction beyond noting it was previously flagged in an Appendix 3B.

RocketBoots Plans Placement of Up to 28 Million New Shares
Dec 24, 2025

RocketBoots Limited has notified the ASX of its intention to issue up to 28 million new fully paid ordinary shares via a placement, with a proposed issue date of 13 January 2026. The capital raising, detailed in an Appendix 3B filing, signals the company’s plan to expand its equity base, which may have implications for existing shareholder dilution while potentially providing additional funding capacity for future operational or strategic initiatives.

RocketBoots Raises A$7m to Fund Global AI Expansion After Major Retail Contract Win
Dec 24, 2025

RocketBoots Limited has secured firm commitments to raise A$7 million through a placement of 28 million new shares at A$0.25 each, attracting strong demand from new and existing sophisticated investors, including four new institutional investors, with a director also set to participate subject to shareholder approval. The funds will be directed towards accelerating the company’s international expansion following a recently announced A$9.1 million annual recurring revenue global contract with a tier-one retailer, scaling its global team, upgrading its technology architecture to improve margins, converting its enterprise sales pipeline and supporting working capital needs, moves that collectively are intended to strengthen RocketBoots’ growth trajectory and competitive position in the global AI loss-prevention market.

RocketBoots Requests Trading Halt Ahead of Material Capital Raising
Dec 22, 2025

RocketBoots Limited has requested an immediate trading halt of its securities on the ASX as it prepares to announce a material capital raising. The halt, granted under ASX Listing Rule 17.1, will remain in place until either the capital-raising announcement is released or normal trading commences on 24 December 2025, signaling that the company is likely pursuing a significant funding initiative that could affect its capital structure and be price-sensitive for investors.

RocketBoots Wins Major Global AI SaaS Contract with Retail Giant
Dec 18, 2025

RocketBoots Limited has secured a transformative five-year, A$9.1 million annual recurring revenue (ARR) contract with a leading multinational retailer to deploy its AI-driven loss-prevention platform across 40% of the customer’s global store network. This agreement represents a significant step in RocketBoots’ international expansion and positions the company as a global player in the rapidly growing retail AI sector. The deal highlights the competitiveness of RocketBoots’ proprietary technology and provides a robust foundation for further expansion, with the potential to scale to the retailer’s remaining stores, reinforcing the company’s market position and growth prospects.

RocketBoots Ltd. Initiates Trading Halt Ahead of Major Contract Announcement
Dec 16, 2025

RocketBoots Limited has requested a trading halt on its securities pending the announcement of a new material customer contract. This move indicates a potentially significant development for the company, which could impact its market positioning and stakeholder interests. The trading halt will remain in effect until the announcement is made or until normal trading resumes on 19 December 2025.

RocketBoots Limited Reports Successful AGM Resolutions
Nov 26, 2025

RocketBoots Limited announced the successful outcomes of resolutions at its 2025 Annual General Meeting, with all resolutions carried. This includes the adoption of the remuneration report, election of a director, appointment of an auditor, and approval of a 10% placement facility. The results indicate strong shareholder support, potentially reinforcing the company’s strategic direction and operational efficiency.

RocketBoots Secures Contract Renewal and Anticipates Cash Inflows
Nov 19, 2025

RocketBoots Limited has renewed a significant contract with a major Australian retailer, extending their partnership for another year and securing a $320,000 advance payment. This renewal underscores the retailer’s continued trust in RocketBoots’ technology for store optimization and loss prevention. Additionally, RocketBoots anticipates cash inflows from banking sector pilot projects and continues to pursue international growth, engaging with 14 enterprise customers across various sectors.

RocketBoots Secures Contract Rollout with Major Australian Bank
Nov 19, 2025

RocketBoots Limited has successfully converted a trial with a major Australian retail bank into a contract rollout for its AI-powered software, marking a significant milestone in the company’s operations. This rollout, which is expected to generate approximately $190K in the first year, will extend to additional branches across Australia and is part of a broader strategy to optimize customer service and cost efficiency in retail banking operations. The company’s CEO, Joel Rappolt, highlighted the faster trial-to-contract conversion as a testament to the product-market fit and the company’s capabilities. RocketBoots is also engaged in advanced discussions with 14 international enterprise customers, indicating potential expansion across various sectors.

RocketBoots Expands Global Reach with New Trials and Strategic Investments
Oct 31, 2025

RocketBoots Limited has reported significant progress in its September 2025 Quarterly Activities Report, highlighting new customer trials in Australia and Mexico with a total contract value of $208k. The company is integrating its software with multinational customers’ existing systems and investing in team expansion to support anticipated international scaling in the UK/EU, US, and Australia. Additionally, RocketBoots is re-platforming its cloud operations to improve margins at scale. The company has secured a trial contract with a major Mexican retail bank, potentially expanding its annual recurring revenue if successful, and continues to penetrate the market with a trial contract with a major Australian retail bank. RocketBoots is actively engaging with a growing pipeline of enterprise customers, supported by international business development efforts, and is investing in operations staff and infrastructure to position itself for large-scale deployments.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 09, 2026